Political, Social and Payment Collection Risks Associated with Overseas Operations
First written in FY2016. 9 of 25 entries say "Restated". Latest entry: FY2026.
Nagaoka International moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 38 of 76 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「For the fiscal year ending June 2026, overseas sales accounted for 62.3% of total sales for our Group.」
The overseas sales ratio fell from 69.3% in the previous fiscal year to 62.3%, reducing our dependence on overseas business for sales. Meanwhile, risks relating to politics, regulations, natural disasters, infectious diseases and collections continue to be disclosed. - FY2024WorsenedAnnual report
「In the fiscal year ended June 2024, overseas sales accounted for 69.3% of the Group’s total sales.」
The overseas sales ratio rose from 66.7% in the previous fiscal year to 69.3%, again increasing the Group’s dependence on overseas sales. Political, regulatory, natural disaster, infectious disease and payment collection risks, among others, continue to be disclosed. - FY2023MitigatedAnnual report
「In the fiscal year ended June 2023, overseas sales accounted for 66.7% of the Group’s total sales.」
The overseas sales ratio declined from 77.8% in the previous fiscal year to 66.7%, reducing the Group’s dependence on overseas sales. The overseas business risks themselves, including political, regulatory, natural disaster, infectious disease and payment collection risks, continue to be disclosed. - FY2022MitigatedAnnual report
「In the fiscal year ended June 2022, overseas sales accounted for 77.8% of the Group’s total sales.」
The overseas sales ratio declined from 84.0% in the previous fiscal year to 77.8%, reducing the Group’s dependence on overseas sales. However, political, economic, infectious disease and payment collection risks, among others, continue to be disclosed. - FY2021MitigatedAnnual report
「In the fiscal year ended June 2021, overseas sales accounted for 84.0% of the Group’s total sales.」
The overseas sales ratio declined from 85.4% in the previous fiscal year to 84.0%, slightly reducing the Group’s dependence on overseas sales. However, overseas business risks, including political, economic, infectious disease and payment collection risks, continue to be listed. - FY2021-Q3RestatedAnnual report
「Although expectations are rising for economic and social activity to return to normal as vaccination progresses overseas, concerns remain about regional disparities in vaccine availability and the spread of infections caused by variants, and the outlook remains uncertain.」
The disclosure reconfirms continued uncertainty in the overseas business environment, including regional disparities in vaccine availability and the spread of infections caused by variants. - FY2020WorsenedAnnual report
「In the fiscal year ended June 2020, overseas sales accounted for 85.4% of the Group’s total sales.」
The overseas sales ratio rose from 85.1% in the previous fiscal year to 85.4%, further increasing the Group’s dependence on overseas sales. Infectious disease risks, including the novel coronavirus, were also added to the overseas business risks disclosed. - FY2020-Q2RestatedAnnual report
「The outlook remains uncertain due to concerns about a global economic slowdown resulting from the prolonged US-China trade tensions.」
The disclosure reconfirms the uncertainty in the overseas business environment arising from prolonged US-China trade tensions and concerns about a global economic slowdown. - FY2019WorsenedAnnual report
「In the fiscal year ended June 2019, overseas sales accounted for 85.1% of the Group’s total sales.」
The disclosure records that the overseas sales ratio rose from 78.3% in the previous fiscal year to 85.1%, further increasing the Group’s dependence on overseas sales. - FY2019-Q3RestatedAnnual report
「Meanwhile, the global economy remains uncertain due to concerns about an economic slowdown in emerging Asian economies, including China, and growing caution over the United States’ protectionist trade policies.」
The disclosure reconfirms the uncertainty surrounding the global economy, regional economies and trade policies related to the overseas business as part of the current business environment. - FY2019-Q1RestatedAnnual report
「Although there is demand for water treatment facilities in overseas markets, the overseas water-related business is susceptible to political and economic developments and customers’ financing conditions, and projects are taking time to materialise.」
The disclosure reconfirms that overseas water-related projects are affected not only by political and economic developments but also by customers’ financing conditions, and therefore take time to materialise. - FY2018WorsenedAnnual report
「In the fiscal year ended June 2018, overseas sales accounted for 78.3% of the Group’s total sales. Accordingly, the Group faces risks related to changes in the economic conditions, social conditions and political circumstances of the relevant countries; changes in policies relating to trade, commerce and finance, including licensing and approvals, customs clearance, immigration control, foreign exchange systems and telecommunications systems; war, civil unrest, coups, terrorism, riots, deteriorating public security, earthquakes, floods, storms, extreme heat, extreme cold and other natural disasters and abnormal weather in the relevant countries or neighbouring countries. There is also a risk that differences in business practices in the relevant countries may prevent the Group from collecting payments as expected.」
With the overseas sales ratio rising from 62.6% in the fiscal year ended June 2016 to 78.3%, the disclosure lists political, regulatory, natural disaster and payment collection risks amid the Group’s increased dependence on overseas business. - FY2018-Q3RestatedAnnual report
「Although there is demand for water treatment facilities in overseas markets, the overseas water-related business is susceptible to political and economic developments, and projects are taking time to materialise.」
The disclosure reconfirms that, although demand exists for overseas water-related projects, they are affected by political and economic developments and take time to materialise. - FY2018-Q2RestatedAnnual report
「Although there is demand for water treatment facilities in overseas markets, the overseas water-related business is susceptible to political and economic developments, and projects are taking time to materialise.」
The disclosure reconfirms that, although demand exists for overseas water-related projects, they are affected by political and economic developments and take time to materialise. - FY2018-Q1RestatedAnnual report
「Although there is demand for water treatment facilities in overseas water-related businesses, these projects are susceptible to political and economic developments, and their formulation into concrete projects is taking time.」
The disclosure continues to describe political and economic developments in overseas markets and their impact on project progress. - FY2017-Q2RestatedAnnual report
「In the water-related business, progress on projects expected to generate overseas orders, mainly in China and Southeast Asia, has been delayed due to the economic slowdown and political developments.」
The disclosure continues to describe the risk that the economic slowdown and political developments in China and Southeast Asia may affect progress on overseas projects. - FY2017-Q1RestatedAnnual report
「Overseas, there is demand for new capital investment in China and Southeast Asia, but financing issues, economic slowdown and political developments are affecting project progress.」
The disclosure reiterates the risk that economic and political conditions in overseas regions and the financing environment may affect business progress. - FY2016First statedAnnual report
「In the fiscal year ended June 2016, overseas sales accounted for 62.6% of the Group’s total sales. Accordingly, the Group faces risks related to changes in the economic conditions, social conditions and political circumstances of the relevant countries; changes in policies relating to trade, commerce and finance, including licensing and approvals, customs clearance, immigration control, foreign exchange systems and telecommunications systems; and war, civil unrest, coups, terrorism, riots and deteriorating public security in the relevant countries or neighbouring countries.」
The disclosure presents the overseas sales ratio and lists overseas business risks, including political, regulatory, public security and payment collection risks.